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SALT LAKE CITY (AP) -- The Senate has approved a proposal that would grant larger refundable tax credits to motion picture productions in Utah.
Senate Bill 14, sponsored by Sen. Lyle Hillyard, R-Logan, would increase the tax credit for money spent on productions in the state to 20 percent, up from 15 percent.
Productions could include television series, motion pictures or independent and feature films. A production must spend a minimum of $1,000,000 in the state to qualify.
The bill passed unanimously in the Senate on Tuesday. It needs one more formal reading before it will be sent to the House.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
